Why is Goodricke Group falling/rising?
As of 22-Sep, Goodricke Group Ltd's stock price is Rs 191.90, down 2.64%, and has underperformed significantly, with a year-to-date return of -33.78% compared to the Sensex's 5.15% increase. The stock shows a bearish trend, trading below all major moving averages, and has weak fundamentals, contributing to ongoing investor concerns.
As of 22-Sep, Goodricke Group Ltd's stock price is currently at Rs 191.90, reflecting a decline of Rs 5.2 or 2.64%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decrease of 3.57% during this period. It has also underperformed its sector by 2.97% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 50.03% compared to the 5-day average, suggesting a decline in investor participation. The company's fundamentals are weak, with a staggering -192.04% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of -1.35, further contributing to the stock's downward movement.In the broader market context, Goodricke Group's performance has been notably poor compared to the benchmark, as it has generated a -33.78% return year-to-date, while the Sensex has increased by 5.15% in the same period. Over the past year, the stock has also underperformed the benchmark, with a return of -17.64% compared to the Sensex's -2.82%. This consistent underperformance against the benchmark over the last three years highlights the stock's ongoing struggles and investor concerns regarding its profitability and ability to service debt, which are likely influencing its current price decline.
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